Foreign Direct Investment in Chile After the Pinochet Regime

Bořil, Adam

The thesis covers fourteen years of three democratic governments which were established after the Pinochet regime. The author puts the main emphasis on links between policies of these governments and willingness of multinational enterprises to invest in Chile. The area of this research includes foreign direct investments (FDIs) which were materialized under the regime D.L.600. Chile is well known for its stable outstanding economic performance and the foreign investments represent just one indicator in which Chile performed well. In the researched period, Chile was the no.1 country for FDIs in Latin America. The assumption that reasons for the great amount of FDIs originated from suitable government policies was confirmed. Especially, the author explained the important role of the infrastructure concession program and privatizations. On the other hand the role of bilateral investment promotion agreements was not proved. The author used primarily data from the World Bank, Foreign Investment Committee and Ministry of Public Works in combination with synchronic approach and probe technique. The statistical numbers were put in the context of historical events.

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